revenue
Millennium & Copthorne posts like-for-like profit boost
Millennium & Copthorne Hotels has posted an increase in like-for-like pre-tax profit and revenue in its Q1 results, despite suffering a 5% drop in profit before tax overall, which it has […]
Business travel demand drives APAC room rates up in Q1
Hotel room rates were mostly up across the board in Asia-Pacific as business tourism surged this quarter, according to HRS Hotel Price Radar. Macau, Sydney and Hong Kong were found […]
IHG boosts UK revpar by 7.7%
InterContinental Hotels Group (IHG) has grown UK revpar by 7.7% in first quarter trading. The hotel group said that it had seen increases in both London and the provinces, driven […]
Pricing-only approach to revenue management: Are you leaving money on the table?
The latest thinking is that in the current multichannel price-transparent world revenue management needs to consider availability in conjunction with rates. NB: This is an analysis by Alex Dietz, Advisory […]
US hotel profits will exceed 2007 levels in 2015
Results from the 2015 edition of Trends® in the Hotel Industry,an annual report recently released by PKF Hospitality Research (PKF-HR), a CBRE Company, reveal that U.S. hotels (on a unit-level same-store sales […]
BHA slams OTAs for ‘stifling competition’
The British Hospitality Association (BHA) has hit out at online travel agents after a settlement by EU competition authorities which prevents hotels offering a cheaper rate on their own website. […]
HotStats UK Chain Hotels Market Review, March 2015
Whilst London hotels’ profitability showed a virtually flat year-on-year movement in the month of March, the UK provinces continued to post strong performance with particular growth in gross operating profit […]
Redefining weekday hotel business
An analysis from STR Analytics looks at Hotel weekday versus Hotel weekend performance in the top 25 U.S. markets. When analyzing daily data, weekdays and weekends behave differently. Across many […]
Glasgow experiences strong March despite drop in room rate
Glasgow performed well in March despite a drop in average room rate across Scotland’s three key cities, according to new figures from tourism research firm LJ Research. The LJ Forecaster […]
Hotel pricing mechanisms need a direct approach
Hoteliers have been telling us for years that the public needs to be better educated about what rates really stand for. NB: This is an analysis by Pamela Whitby, editor […]